Apple Reports Record Q4 2024 Earnings with $94.9 Billion in Revenue

Apple has announced its financial results for the fiscal Q4 2024, posting a remarkable revenue of $94.9 billion. This figure marks a solid 6% year-over-year increase and is fueled by the successful introduction of the new iPhone 16 series, along with the Apple Watch Series 10, AirPods 4, and other products.

The iPhone segment alone generated $46.2 billion in sales. Additionally, Apple reported $7.4 billion from its Mac division, alongside $7 billion in iPad revenue. The wearables, home, and accessories category accounted for $9 billion, while services revenue achieved an all-time high of $25 billion, reflecting a significant 12% increase compared to the previous year.

Apple's CEO, Tim Cook, expressed enthusiasm about the company's performance, stating: "Today Apple is reporting a new September quarter revenue record of $94.9 billion, up 6 percent from a year ago. During the quarter, we were excited to announce our best products yet, with the all-new iPhone 16 lineup, Apple Watch Series 10, AirPods 4, and remarkable features for hearing health and sleep apnea detection. And this week, we released our first set of features for Apple Intelligence, which sets a new standard for privacy in AI and supercharges our lineup heading into the holiday season".

Strong Performance Across All Segments

The results show growth across various product lines. The Mac segment, despite the overall competitive landscape, holds its ground with a robust performance. iPads remain popular, showcasing the continued demand for Apple's tablet devices.

Financial Strength and Shareholder Returns

Apple's CFO, Luca Maestri, reported that the company's strong business performance led to nearly $27 billion in operating cash flow during the September quarter. This enabled Apple to return over $29 billion to its shareholders. Furthermore, he highlighted a significant achievement with the active installed base of Apple devices reaching an all-time high, indicating high customer satisfaction and loyalty.

As Apple continues to innovate and expand its product offerings, it heads into the holiday season with positive momentum. With new technologies and features, the company is well-positioned to capture consumer interest during this crucial time.

Apple, Revenue, Earnings